SG Americas Securities LLC Raises Stock Position in NOV Inc. (NYSE:NOV)

SG Americas Securities LLC grew its holdings in NOV Inc. (NYSE:NOV) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 397,149 shares of the oil and gas exploration company’s stock after acquiring an additional 20,952 shares during the period. SG Americas Securities LLC owned about 0.10% of NOV worth $5,798,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in NOV. Mercer Global Advisors Inc. ADV purchased a new position in NOV in the 2nd quarter worth approximately $78,000. Ensign Peak Advisors Inc lifted its holdings in shares of NOV by 10.3% in the second quarter. Ensign Peak Advisors Inc now owns 155,328 shares of the oil and gas exploration company’s stock worth $2,953,000 after buying an additional 14,550 shares in the last quarter. Gabelli Funds LLC boosted its position in shares of NOV by 333.1% during the second quarter. Gabelli Funds LLC now owns 46,807 shares of the oil and gas exploration company’s stock worth $890,000 after acquiring an additional 36,000 shares during the last quarter. Point72 DIFC Ltd purchased a new position in NOV during the second quarter valued at $272,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in NOV in the 2nd quarter valued at $125,000. Institutional investors own 93.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on NOV. TD Cowen cut their price objective on NOV from $28.00 to $22.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Citigroup downgraded NOV from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $21.00 to $18.00 in a research note on Monday, November 11th. Atb Cap Markets lowered shares of NOV from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Stifel Nicolaus decreased their price target on shares of NOV from $25.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Finally, Evercore ISI reiterated an “in-line” rating and set a $18.00 price objective (down previously from $25.00) on shares of NOV in a research report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, NOV has a consensus rating of “Hold” and a consensus target price of $20.00.

Insider Transactions at NOV

In related news, Director David D. Harrison sold 1,784 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $16.10, for a total value of $28,722.40. Following the transaction, the director now owns 110,951 shares of the company’s stock, valued at $1,786,311.10. This trade represents a 1.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.85% of the company’s stock.

NOV Trading Down 0.2 %

NOV opened at $14.87 on Friday. NOV Inc. has a one year low of $13.94 and a one year high of $21.23. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.65 and a current ratio of 2.57. The stock has a market cap of $5.78 billion, a price-to-earnings ratio of 5.49, a P/E/G ratio of 0.95 and a beta of 1.66. The stock’s 50 day moving average price is $15.16 and its 200-day moving average price is $16.40.

NOV Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a $0.075 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.30 dividend on an annualized basis and a yield of 2.02%. NOV’s payout ratio is 11.07%.

NOV Company Profile

NOV Inc designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors in the United States and internationally. It operates through two segments, Energy Equipment, and Energy Products and Services. The company provides solids control and waste management equipment and services, managed pressure drilling, drilling fluids, premium drillpipe, wired pipe, drilling optimization services, tubular inspection and coating services, instrumentation, downhole tools, and drill bits.